NYSE:ERO

Ero Copper (ERO) Stock Forecast, Price & News

$17.29

+0.21 (+1.23%)

(As of 11:38 AM ET)

Compare

Today's Range: $17.22
▼
$17.72
50-Day Range: $16.80
▼
$24.03
52-Week Range: $9.56
▼
$24.38

Volume: 59,526 shs
Average Volume: 123,012 shs
Market Capitalization: $1.62 billion

P/E Ratio: 20.10
Dividend Yield: N/A
Price Target: $24.00

Ero Copper MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 37.6% Upside
$24.00 Price Target
Short Interest: Bearish
2.98% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 94.39%
From $1.07 to $2.08 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.10 out of 5 stars

Basic Materials Sector

101st out of 169 stocks

Private Households Industry

1st out of 5 stocks

3.0

Analyst's Opinion

Consensus Rating
Ero Copper has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.00, Ero Copper has a forecasted upside of 37.6% from its current price of $17.44.
Amount of Analyst Coverage
Ero Copper has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
2.98% of the float of Ero Copper has been sold short.
Short Interest Ratio / Days to Cover
Ero Copper has a short interest ratio ("days to cover") of 16.4, which indicates bearish sentiment.
Change versus previous month
Short interest in Ero Copper has recently increased by 11.98%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Ero Copper does not currently pay a dividend.
Dividend Growth
Ero Copper does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ERO.

1.8

News and Social Media Coverage

News Sentiment
Ero Copper has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Ero Copper this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for ERO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
1 people have added Ero Copper to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ero Copper insiders have not sold or bought any company stock.
Percentage Held by Institutions
52.86% of the stock of Ero Copper is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Ero Copper are expected to grow by 94.39% in the coming year, from $1.07 to $2.08 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ero Copper is 20.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.42.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ero Copper is 20.28, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 88.32.
Price to Book Value per Share Ratio
Ero Copper has a P/B Ratio of 2.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ero Copper (NYSE:ERO) Stock

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company engages in the production and sale of copper concentrate from the Caraíba operations, located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver by-products. It also holds a 99.6% interest in the Tucumã project, a copper development project located within southeastern Pará state; and holds a 97.6% interest in the Xavantina Operations located in Mato Grosso state. Ero Copper Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.

ERO Price History

30 days | 90 days | 365 days | Advanced Chart

ERO Stock News Headlines

September 7, 2023 | markets.businessinsider.com

First Quantum Minerals (FQVLF) was upgraded to a Buy Rating at BMO Capital

August 14, 2023 | finance.yahoo.com

Are Robust Financials Driving The Recent Rally In Ero Copper Corp.'s (TSE:ERO) Stock?

September 29, 2023 | PressReach (Ad)

Uranium Prices Surge as Nuclear Energy Becomes Key

Renewed interest in uranium and rising prices have created a favorable environment for new projects.

August 9, 2023 | finance.yahoo.com

Zacks Industry Outlook Highlights Freeport-McMoRan, Ero Copper, Energy Fuels and Coeur

August 4, 2023 | seekingalpha.com

Ero Copper Non-GAAP EPS of $0.24, revenue of $104.9M misses by $4.18M

August 3, 2023 | finance.yahoo.com

Ero Copper Reports Second Quarter 2023 Operating and Financial Results

August 3, 2023 | finance.yahoo.com

Ero Copper Corp. (ERO) Beats Q2 Earnings Estimates

July 31, 2023 | baystreet.ca

AI Ventures, Ambari, Cameco at 52-Week Highs

September 29, 2023 | PressReach (Ad)

Uranium Prices Surge as Nuclear Energy Becomes Key

Renewed interest in uranium and rising prices have created a favorable environment for new projects.

July 6, 2023 | finance.yahoo.com

Ero Copper to Release Second Quarter 2023 Financial and Operating Results on August 3, 2023

June 9, 2023 | msn.com

Canada shares lower at close of trade; S&P/TSX Composite down 0.25%

June 9, 2023 | markets.businessinsider.com

Barclays Sticks to Their Hold Rating for Ero Copper (ERO)

June 8, 2023 | ca.finance.yahoo.com

Stocks in play: Ero Copper Corp

June 7, 2023 | seekingalpha.com

Ero Copper: Strong Prospects But Shares May Become Cheaper

May 24, 2023 | msn.com

TSX, TX60, and JX Close Lower; Filo Mining Corp, Ivanhoe Electric Inc, and Ero Copper Corp Worst Performers

May 12, 2023 | finance.yahoo.com

Ero Copper Files Technical Report for the Xavantina Operations

May 11, 2023 | seekingalpha.com

Ero Copper Corp. 2023 Q1 - Results - Earnings Call Presentation

May 9, 2023 | msn.com

Ero Copper Non-GAAP EPS of $0.24, revenue of $101M misses by $0.16M

May 1, 2023 | finance.yahoo.com

Ero Copper (TSE:ERO) Is Looking To Continue Growing Its Returns On Capital

April 21, 2023 | theglobeandmail.com

Closing Bell: Ero Copper Corp down on Friday (ERO)

April 20, 2023 | finance.yahoo.com

Surging Earnings Estimates Signal Upside for Ero Copper Corp. (ERO) Stock

April 18, 2023 | markets.businessinsider.com

Wheaton Precious Metals (WPM): New Buy Recommendation for This Basic Materials Giant

April 11, 2023 | finance.yahoo.com

Ero Copper to Release First Quarter 2023 Financial and Operating Results on May 8, 2023

April 6, 2023 | markets.businessinsider.com

Barclays Releases a Hold Rating on Ero Copper (ERO)

April 6, 2023 | finanznachrichten.de

Ero Copper Corp.: Ero Copper Demonstrates Significant Near-Term Growth in Updated 5-Year Outlook

April 5, 2023 | finance.yahoo.com

Ero Copper Demonstrates Significant Near-Term Growth in Updated 5-Year Outlook

April 1, 2023 | benzinga.com

Raymond James Maintains Outperform on Ero Copper, Raises Price Target to C$25

See More Headlines

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ERO Company Calendar

Last Earnings: 8/03/2023
Today: 9/29/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Private households
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:ERO
CUSIP: N/A
CIK: 1853860
Web: www.erocopper.com
Phone: (604) 449-9244
Fax: 604-398-3767
Employees: 2,864
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $24.00
High Stock Price Forecast: $24.00
Low Stock Price Forecast: $24.00
Forecasted Upside/Downside: +37.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.86
Trailing P/E Ratio: 20.28
Forward P/E Ratio: 16.30
P/E Growth: N/A
Net Income: $101.83 million
Net Margins: 19.50%
Pretax Margin: 24.67%
Return on Equity: 12.45%
Return on Assets: 5.85%

Debt

Debt-to-Equity Ratio: 0.63
Current Ratio: 2.00
Quick Ratio: 1.71

Sales & Book Value

Annual Sales: $426.40 million
Price / Sales: 3.82
Cash Flow: $1.44 per share
Price / Cash Flow: 12.13
Book Value: $5.88 per share
Price / Book: 2.97

Miscellaneous

Outstanding Shares: 93,430,000
Free Float: N/A
Market Cap: $1.63 billion
Optionable: Not Optionable
Beta: 1.20

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Key Executives

Mr. David Maxwell Strang (Age 55)
CEO & Director
Comp: $1.26M

Mr. Makko DeFilippo
Pres & COO

Mr. Wayne Drier
Chief Financial Officer

Mr. Michel Richard
Chief Geological Officer

Ms. Courtney R. B. Lynn (Age 42)
Sr. VP of Corp. Devel., Investor Relations & Sustainability

Mr. Deepk Hundal
Sr. VP, Gen. Counsel & Corp. Sec.

Mr. Eduardo de Come (Age 57)
Chief Exec. Officer of Ero Brazil

Mr. Emilio Sarno
VP of Asset Management

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ERO Stock - Frequently Asked Questions

Should I buy or sell Ero Copper stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ero Copper in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ERO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ERO, but not buy additional shares or sell existing shares.
View ERO analyst ratings or view top-rated stocks.
What is Ero Copper's stock price forecast for 2023?: 4 equities research analysts have issued 12 month price objectives for Ero Copper's shares. Their ERO share price forecasts range from $24.00 to $24.00. On average, they anticipate the company's stock price to reach $24.00 in the next twelve months. This suggests a possible upside of 37.6% from the stock's current price.
View analysts price targets for ERO or view top-rated stocks among Wall Street analysts.
How have ERO shares performed in 2023?: Ero Copper's stock was trading at $13.75 at the beginning of the year. Since then, ERO shares have increased by 26.8% and is now trading at $17.44.
View the best growth stocks for 2023 here.
Are investors shorting Ero Copper?: Ero Copper saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,430,000 shares, an increase of 12.0% from the August 31st total of 2,170,000 shares. Based on an average daily volume of 147,800 shares, the short-interest ratio is presently 16.4 days. Currently, 3.0% of the company's stock are short sold.
View Ero Copper's Short Interest.
When is Ero Copper's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our ERO earnings forecast.
How were Ero Copper's earnings last quarter?: Ero Copper Corp. (NYSE:ERO) released its quarterly earnings data on Thursday, August, 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The company earned $104.90 million during the quarter, compared to analysts' expectations of $109 million. Ero Copper had a trailing twelve-month return on equity of 12.45% and a net margin of 19.50%.

What is Ero Copper's stock symbol?: Ero Copper trades on the New York Stock Exchange (NYSE) under the ticker symbol "ERO."
How do I buy shares of Ero Copper?: Shares of ERO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Ero Copper's stock price today?: One share of ERO stock can currently be purchased for approximately $17.44.
How much money does Ero Copper make?: Ero Copper (NYSE:ERO) has a market capitalization of $1.63 billion and generates $426.40 million in revenue each year. The company earns $101.83 million in net income (profit) each year or $0.86 on an earnings per share basis.
How many employees does Ero Copper have?: The company employs 2,864 workers across the globe.
How can I contact Ero Copper?: Ero Copper's mailing address is 625 Howe Street Suite 1050, Vancouver A1, V6C 2T6. The official website for the company is www.erocopper.com. The company can be reached via phone at (604) 449-9244, via email at info@erocopper.com, or via fax at 604-398-3767.

This page (NYSE:ERO) was last updated on 9/29/2023 by MarketBeat.com Staff

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